Securities and Futures Commission

Fintech / Regtech

SFC Grants In-principle Approval to HashKey Crypto Platform

By Manesh Samtani | 30/04/2022

HashKey’s platform will offer trading, brokerage and automated trading services for cryptocurrencies, virtual commodities, stablecoins and security tokens.

Market Infrastructure

HKEX, SFC to Open HKIDR Testing to Market on 16 May

By Sanday Chongo Kabange | 27/04/2022

Regulated intermediaries are asked to get ready for the testing, which is mandatory. The HKIDR is expected to be implemented in the later part of Q4 2022.

Securities / Derivatives

SFC Proposes Amendments to Position Limit Regime

By Editors | 26/04/2022

The proposals will expand the list of futures and options contracts for which the SFC may prescribe position limits.

Securities / Derivatives

SEHK Adopts New Rules for Bookbuilding, Placing Activities

By Editors | 25/04/2022

The listing rule amendments, due to take effect in August, are a consequence of changes to the Code of Conduct finalised by the SFC in October.

AML / KYC

Hong Kong is Moving to a Robust Regulatory Framework for Crypto

By Etelka Bogardi | 19/04/2022

Etelka Bogardi and Amy Chung say Hong Kong’s efforts to regulate the crypto sector and stablecoin market are on the whole in line with international trends while leaving room for further development.

Enforcement

SFC Bans China Tonghai Securities Representative for 20 Months

By Editors | 12/04/2022

The representative conducted 1,089 trades in clients’ stock options accounts but was only given specific authorisation for 87 trades of the trades.

ESG / Sustainability

Hong Kong Launches Climate Risk Data Source Repository

By Editors | 06/04/2022

The repository contains a set of available data sources to help FIs manage climate-related risks and set climate-related goals and strategies.

Enforcement

Korea: FSC, FSS Relaunch Special Investigations Team

By Editors | 05/04/2022

The team comprises officials from the FSC and FSS, who will be authorised to investigate illegal acts in the capital market more quickly.

Securities / Derivatives

HKEX Publishes Testing Guidelines for HKIDR Implementation

By Editors | 04/04/2022

HKEX has published testing guidelines for market participants and intermediaries ahead of the implementation of the new investor identification regime.